Property News · October 28, 2015

Soaring pensions lift UK living standards to pre-recession levels


Household incomes back at 2007-08 level, but those in work have not enjoyed the same recovery as the retired populationLiving standards in Britain have finally returned to pre-recession levels because of the rising incomes of the nation’s retirees, the Office for National Statistics (ONS) has said.The latest snapshot of household incomes showed that, more than seven years after the financial crisis, the losses suffered in the most severe downturn of the modern age had finally been recouped. Continue reading…

Source : theguardian.com
Read more…Soaring pensions lift UK living standards to pre-recession levels

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